Latest MEI: Michigan Job Growth Accelerates as Consumer Confidence Slips
Update: Jun 25-Jul 7, 2025
According to a recently Michigan Economic Indicators (MEI) report by the Senate Fiscal Agency (SFA), Michigan’s economy showed signs of resilience in April. Our state added 16,000 jobs, the largest monthly gain in over two years, driven primarily by growth in professional, education, and health services. Manufacturing, however, continued to lag, shedding 10,000 jobs compared to the same time last year. Motor vehicle production rose by 8.2% month-over-month, but remained down 9.2% from April 2024, with Michigan’s share of national auto production at its lowest level in over a year.
Despite positive movement in employment and modest housing start gains, national consumer sentiment hit a concerning low, falling for the fourth consecutive month to one of the weakest readings since the survey began in 1952. At the same time, oil prices dipped to their lowest point since 2021, retail sales posted a healthy 4.7% year-over-year gain, and inflation in Detroit remained relatively modest at 1.4%. While some sectors are clearly under pressure, Michigan’s labor market and industrial activity continue to show pockets of strength amid broader economic uncertainty.
Read the full SFA report here.